Rappler
[In This Economy] Marcosian ‘delulunomics’
President Ferdinand "Bongbong" Marcos Jr. expressed confidence in achieving an 8% GDP growth rate by the end of his term, aiming for 6% to 7% growth this year.
He stated that his administration's policies are designed to stimulate economic growth, crucial for post-pandemic recovery.
However, the article notes that Philippine economic growth has slowed, dipping to 5.6% in 2023 from 7.6% in 2022.
The author argues that achieving pre-pandemic economic trajectory by 2028 requires a yearly growth rate of 10.3%, which is unlikely with current growth figures.
The president acknowledged inflation as the country's most significant challenge, making a reduction in interest rates unlikely.
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News Sources
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President Ferdinand R. Marcos Jr. invited foreign investors to participate in the Philippines' "exciting new phase" of economic growth during the World Economic Forum (WEF) Country Roundtable.
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President Ferdinand "Bongbong" Marcos Jr. presented the Maharlika Investment Fund (MIF) as a growth driver to global business leaders during a World Economic Forum (WEF) roundtable in Manila.
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World Economic Forum (WEF) President Børge Brende projected that the Philippines has the potential to reach a $2 trillion economy within the next decade, contingent upon sustained reforms in education, infrastructure, and renewable energy.
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President Ferdinand Marcos Jr. believes the Philippines should endeavor to separate politics from economics when addressing geopolitical challenges.
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